About the Old vs New Tax Regime Calculator
Compare tax liability under Old and New tax regimes for FY 2024-25. Enter your income and deductions to find which regime saves you more money. Understanding how this works can significantly improve your financial planning. This tool is designed to provide you with the most accurate and up-to-date calculations required for your specific needs.
The Mathematical Formula
How to use this calculator?
Enter Annual Income
Input your total gross annual income.
Enter Deductions
Add 80C, 80D, HRA, NPS and other deductions (used in Old Regime).
Compare
See tax under both regimes side-by-side with savings highlighted.
Frequently Asked Questions (FAQs)
Q. What are the New Regime slabs for 2024-25?
0-3L: 0%, 3-7L: 5%, 7-10L: 10%, 10-12L: 15%, 12-15L: 20%, 15L+: 30%.
Q. When is Old Regime better?
If your total deductions (80C+80D+HRA+NPS etc.) exceed รขโยน3.75 lakh, the Old Regime is usually better.
Source & Citations: Mathematical models used in this tool are based on standard compounding formulas as recognized by the Reserve Bank of India (RBI) and major financial institutions.
Disclaimer: The results provided by this calculator are for informational purposes only. Actual returns or loan values may vary based on market conditions, bank policies, and taxation laws.